Enter what you put in and what you got back, and when. You'll see the internal rate of return (IRR) next to the multiple on invested capital (MOIC), because each one can flatter a deal the other exposes.
| IRR | MOIC | Profit |
|---|
Your cumulative position: down while money goes in, climbing as it comes back. Where it crosses zero is when you got your money back.
IRR measures speed, not size, and it quietly assumes every distribution is reinvested at the same IRR. These three checks keep it honest.